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Sep 26, 2012
09/12
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the answer is not increased government involvement. it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence up like it was yesterday, you get home prices that are improving. we got decent numbers today. the market today aside has obviously been strong for the quarter. you have gas prices coming down. are there policies, will we be hearing about positions that argue they could have done even better than all of those things doing right now? >> well, look, this recovery is the weakest recovery we have seen in modern history. you still have 23 million americans struggling for work. you have 47 million americans on food stamps. the reality is that the obama camp
the answer is not increased government involvement. it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence...
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Nov 7, 2012
11/12
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the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation which frees up a lot of money that's frozen right now. it's not clear how this playing out. as a long-term investor stocks look cheap particularly look cheap relative to cash and fixed income. i wouldn't want to send money the other way. >> one of the things that you might want to work out is whether this is a buying opportunity. what is the picture -- let's say we get through the fiscal pict the line? will markets want to rise because economies are getting better or markets that will be in difficulty a year down the line because economies are getting worse? the biggest economy in europe, germany, i
the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation...
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Mar 8, 2012
03/12
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government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you see... it's the world. ♪ >>> some interesting times in the banking business. mary thompson at the citi financial's conference today and bank of america was speaking, a protester interrupted by yelling "bust up bank of america." we're told that mr. moynihan since continued the speech but we'll bring you more details as we learn more about that. bank of america presentation at the citi conference interrupted by a protester. >>> u.s. manufacturing running on all cylinders. experiencing an expansion unlike the last three decades. phil lebeau is live in washi
government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you...
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May 23, 2012
05/12
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there's 25% owned by the german government. but the ceo said we're hope ffu 20-13 we'll making a dividend. a solidly profitable year. there's the difference between what's going on in the north and the south. here's what's important about toll brothers. that is twice what the analysts had. now, remember, a month ago, we were talking about expectations of 20-30% order growth in all the home builders. and they all had done that. nobody has strong as 47%. i think that was the top number that i've seen so far. now, right now, all of these companies are coming on in line. and the second thing is everybody is wondering why isn't this showing up in the existing and new home sales numbers. the home builders that are publicly traded are taking market share away. but it's still a very, very small part of the overall housing market. it's a very small business. >> what about our broad market. sometimes it has an overwhelming force and other times it doesn't. >> watch how the euro behaves. the bottom line means when you're short going in to
there's 25% owned by the german government. but the ceo said we're hope ffu 20-13 we'll making a dividend. a solidly profitable year. there's the difference between what's going on in the north and the south. here's what's important about toll brothers. that is twice what the analysts had. now, remember, a month ago, we were talking about expectations of 20-30% order growth in all the home builders. and they all had done that. nobody has strong as 47%. i think that was the top number that i've...
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May 8, 2012
05/12
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still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet. moratorium on all debt payments until after an investigation into the bailout. and he wants state control of all the banks. that is very similar, a lot of that, to what he said to me back in september. >> what you have to do to pay the banks and to catch the pensions and salaries for the people who don't have to leave, i think this is not a solution. >> so that's a default. if you don't pay the banks, that's a default. >> no, we have the opportunity to have the banks under state control. >> if he and a future greek government were to follow all his g
still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet....
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Mar 9, 2012
03/12
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who would invest in a 20-year government bond or 30-year government bond? there's no value in that. so, the price is way too high. just as the value of those greek bonds were way too high and that's why they're worthless now and nobody wants them and nobody wants to let them default. you have to liquidate the debt and you got to get rid of the debt if you ever want growth ywñ again. >> it'sals refresh i always ref hear from you, because you give a perspective that not many people bring to the table. and what you bring and what you demand of the other candidates, a lot of people are already writing you off, and i know that you have vowed to stay in the race adsg1i leak06hm for now. but what would be your greatest legacy? what is the issue that you would most like to look back on and say, do you know what, i had an impact on the republican nominee on this issue? >> well, i think the main thing is change the course of where we've been going for, you know, especially the last 40 years, maybe 100 years, and say that freedom is the issue, not big government. and that's what has to happen
who would invest in a 20-year government bond or 30-year government bond? there's no value in that. so, the price is way too high. just as the value of those greek bonds were way too high and that's why they're worthless now and nobody wants them and nobody wants to let them default. you have to liquidate the debt and you got to get rid of the debt if you ever want growth ywñ again. >> it'sals refresh i always ref hear from you, because you give a perspective that not many people bring...
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389
Jan 27, 2012
01/12
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government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like it's going sideways. we have sectors doing quite well like agriculture and other places that are hesitating. i happen to be an optimist. i think it will work out, but will take a while. it will not be a quick solution. >> that's what we were talking about this week because we were waiting on greece. if we see a greece default, does that impact your business? do you worry about what the happenings? >> anything that impacts confidence impacts our business. people vote that way. consumption goes that way. how people respond to buying automobiles and things like that are very much their confidence about th
government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like...
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Feb 6, 2012
02/12
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i think everyone in the government worried about iran. >> and syria. apparently closing down the embassy, removing the personnel. >> geopolitical matters here. maybe we're focusing too much on greece, not enough on the middle east. >> volume on friday, highest since december 16th. >> good to see. >> well above the average for the year so far. >> beginning to see money coming out of bonds which makes sense into stocks. couple pieces this week about how dividends they're not fixed income the way people think. i hate those articles. because fixed income had given you nothing here. cds, nothing here. i went to the first national bank of general mills i'll take that any day of the week. >> finally, gold is off 20 bucks today even though morgan stanley still sees the average at $1,845. average for next year, $2,175. >> it correlates with this, gold up for 11 straight years. i call your attention to rand gold, the stock is flying. they are willing to find gold in places you and i are uncomfortable being at. i loveb their ceo, he called me a sissy because i sa
i think everyone in the government worried about iran. >> and syria. apparently closing down the embassy, removing the personnel. >> geopolitical matters here. maybe we're focusing too much on greece, not enough on the middle east. >> volume on friday, highest since december 16th. >> good to see. >> well above the average for the year so far. >> beginning to see money coming out of bonds which makes sense into stocks. couple pieces this week about how...
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Jun 15, 2012
06/12
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that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be successful, necessarily, for their to be a conspiracy. when they asked for clarification. that is, indeed, one of the charges on which they have found mr. gupta guilty along with three of the securities fraud charges. an interesting thing about this case, i was talking to a reporter with the indian media. there is tremendous interest in this case in india. you have to remember mr. gupta came to this country, had been orphaned as a young boy. he worked his way up, got an education, worked his way up to the top of the ranks at mckenzie. after that he was very much a corporate shaman
that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be...
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May 10, 2012
05/12
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they've made a lot of bets on governments. governments are cutting back. i think he used government and it wasn't an excuse this time. they're killing the competition, but it's not enough, because the customers are frozen. >> we saw it play out in juniper's second quarter guidance. they said things were terrible. very weak guidance and cisco had very good gross margins. that bears it up. they're gaining market share not by cutting prices, but simply getting market share because their products are in demand. at the same time i have to call out john chambers. he used to be a regular here after the earnings call. he does the 4:00 show right after the earnings are released, but he does an interview before the guidance is released. wouldn't you have loved john chaim better to come out and explain the guidance, because today wall street is saying, you know what? we don't know in we can believe cisco systems at this point, and he's not answering to the media. >> stock did tick up to 19 while he was on tv, and then -- >> and then swiftly tanks once the guidance wa
they've made a lot of bets on governments. governments are cutting back. i think he used government and it wasn't an excuse this time. they're killing the competition, but it's not enough, because the customers are frozen. >> we saw it play out in juniper's second quarter guidance. they said things were terrible. very weak guidance and cisco had very good gross margins. that bears it up. they're gaining market share not by cutting prices, but simply getting market share because their...
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Feb 10, 2012
02/12
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it's expected to pass, given the government's currents majority here. the finance minister said morning -- that's the key dichotomy here. recent polls show that over 70% of the population wants to remain in the euro. they're just protesting about the way the government handled the crisis and the reforms that it will take. >> julia, the focus according to the people i'm speaking to here and in western europe is very much about whether we can get -- or whether the europo group can get the three major political parties to sign up, to promise that the all sister will continue there's a huge concern and confusion about whether they stand. are you able to help us with that central point? >> reporter: yeah, that's actually one of the key points of the agreement. now they want confirmation irrespective of what happens in the election, these guys go forward. obviously the leader, who is this consternation about whether he'll even sign the deal. he only represents 16 seats in parliament. so it shouldn't be a problem. thank you very much, julia. >>> apple hitting
it's expected to pass, given the government's currents majority here. the finance minister said morning -- that's the key dichotomy here. recent polls show that over 70% of the population wants to remain in the euro. they're just protesting about the way the government handled the crisis and the reforms that it will take. >> julia, the focus according to the people i'm speaking to here and in western europe is very much about whether we can get -- or whether the europo group can get the...
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Oct 24, 2012
10/12
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CNBC
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on the government side the government will be missed. taxes go up or the currency goes down. looking forward for companies in japan, many of which have assets everywhere and good balance sheets i think it will make a difference but frankly your starting point to this point is very good because you've got low multiples and a lot of room for profits to grow. everywhere else in the world profits are coming down, profit margins, japan is the one place where there's room to get bet per zblm jim o'neill, same with asia, he said china may be the best opportunity in the world right now. you agree with that or no? >> i think it's mixed. it wouldn't shock me if we never see another double digit year in china of growth. it's not a bad thing. it's china being mortal. once you get to a certain point you can't grow so much. there's investor expectation issue if you're betting on a big rebound in stimulus and recovery you're going to be disappointed but there are a lot of stories that now are cheap because the valuations have fallen in half from where they were a couple of years ago. >> car
on the government side the government will be missed. taxes go up or the currency goes down. looking forward for companies in japan, many of which have assets everywhere and good balance sheets i think it will make a difference but frankly your starting point to this point is very good because you've got low multiples and a lot of room for profits to grow. everywhere else in the world profits are coming down, profit margins, japan is the one place where there's room to get bet per zblm jim...
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Jun 14, 2012
06/12
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we spent $800 plus billion in a stimulus which is just government spending. it was supposed to keep unemployment under 8% and jump-start the economy. unemployment has been above 8% for 40 months and we're now told basically by the president and his supporters that it didn't jump-start the economy. we're going to have to have continued infusion of government spending to keep the economy moving along. we really need to change course and that's what governor romney is laying out. >> do you think there's any justification for the just fine comment when you look at the levels of cash that american businesses have right now, the way in which they're able to borrow money almost for free, the fact that the stock market is up 50% since the president took office. if you had to, could you build that argument? >> well, i think he's going to try to build the argument but i don't think it flies. business formation at a 30-year low, unemployment rising again. long-term unemployed at a record level 4.8 million people. those are lives that have been shattered. so i think you
we spent $800 plus billion in a stimulus which is just government spending. it was supposed to keep unemployment under 8% and jump-start the economy. unemployment has been above 8% for 40 months and we're now told basically by the president and his supporters that it didn't jump-start the economy. we're going to have to have continued infusion of government spending to keep the economy moving along. we really need to change course and that's what governor romney is laying out. >> do you...
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Feb 13, 2012
02/12
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but he's having big problems with the government. his access to a lot of money has just been cut off. >>> and get ready for squawky the stock-picking dog. getting set in the green room right now. getting his nose powdered. take a look at this morning's early movers here on wall street. ♪ [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engines are built by hand with very precise assembly techniques. [ mike ] it's gonna fly people around the world. safely and better than it's ever done before. it would be a real treat to hear this monster fire up. [ jaronda ] i think a lot of people, when they look at a jet engine, they see a big hunk of metal. but when i look at it, i see seth, mark, tom, and people like that who work on engines every day. [ tom ] i would love to see this thing fly. [ kareem ] it's a dream, honestly. there it is. oh, wow. that's so coo
but he's having big problems with the government. his access to a lot of money has just been cut off. >>> and get ready for squawky the stock-picking dog. getting set in the green room right now. getting his nose powdered. take a look at this morning's early movers here on wall street. ♪ [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the...
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Jul 19, 2012
07/12
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how do you guarantee that you're governing effectively? in other words, a board's processes need to be subject to examination and how a board spends its time should be reported out on a regular basis. >> yeah. i want to get your take on something regarding hp, which happened yesterday at our delivering alpha conference. well h well-known hedge fund manager talked to maria why he's shorting hp as one of his best ideas. take a listen. >> how low can hp go, do you think? what kind of a move are you expecting? >> we'll wait and see. i mean, if they're burning the amount of cash that i think they will, it's going to get more and more problematic. you know their big product lines, pcs and printers as well as some software services. but they're in declining businesses. >> they're in declining businesses. he called it the ultimate value trap, carly. what do you think? >> well, i have said on your show among others that certainly hp's cash drain is a problem. i think the management at hp would acknowledge that. i think the management at hp would ac
how do you guarantee that you're governing effectively? in other words, a board's processes need to be subject to examination and how a board spends its time should be reported out on a regular basis. >> yeah. i want to get your take on something regarding hp, which happened yesterday at our delivering alpha conference. well h well-known hedge fund manager talked to maria why he's shorting hp as one of his best ideas. take a listen. >> how low can hp go, do you think? what kind of a...
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Oct 12, 2012
10/12
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government still in charge. >> have financials topped out for the year, jim? >> no. look, i think what's going to happen is, people are going to come back, the group is this the group -- historically inexpensive. if we get more sprints and more work days, we get more global business coming back, i think people will say, wait a second, why did i get rid of the business? wells fargo, by the way s going to own america's mortgage market. is there a point where you have 40% of the mortgaging services and don't make a lot of money? 30% of the mortgage market, never supposed to happen. the founding fathers are rolling over in their grave wells fargo was able to get 30%. they're rolling in their grave -- yesterday i was talking about land's grave and mal's grave, and now the founding fathers graves. >> go wherever you need to go. >> thank you. >> you're welcome. >> wells was disappointing. i would love to see wells was great but then i would be dissemb dissembling. >> the financials is a group trading a 20% over the market. to your point, despite the run, trading at a discou
government still in charge. >> have financials topped out for the year, jim? >> no. look, i think what's going to happen is, people are going to come back, the group is this the group -- historically inexpensive. if we get more sprints and more work days, we get more global business coming back, i think people will say, wait a second, why did i get rid of the business? wells fargo, by the way s going to own america's mortgage market. is there a point where you have 40% of the...
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240
Oct 9, 2012
10/12
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they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game, but big money is at stake with more regulation. find out how it can put the financial system in jeopardy. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling
they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game,...
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Jun 18, 2012
06/12
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we see the process of forming a government. greece invented two key concepts, democracy and drama, so for the next couple days we'll get a lot of political theater. it began today antonacy samuras the winner of the leads party gods to see the leader of the second party, they sit down to try to form a goism. the leftist had made very clear he was not going to, and then samaras, the winner, spoke to reporters. here's what he said. >> he is not willing to participate in such a government or such a coalition. i believe that the government should immediately be formed. it's something that is required as stated by the developments by the economic situation, and by the vote of the greek people. so that's what we're trying to do. >> reporter: here are the three key things. everybody estimates that dee spite the sausage being made and the fear, they'll have a government by wednesday. the new democracy party has made clear, what they're looking for is more time, perhaps as much as two years in order to hit the fiscal deficit targets or t
we see the process of forming a government. greece invented two key concepts, democracy and drama, so for the next couple days we'll get a lot of political theater. it began today antonacy samuras the winner of the leads party gods to see the leader of the second party, they sit down to try to form a goism. the leftist had made very clear he was not going to, and then samaras, the winner, spoke to reporters. here's what he said. >> he is not willing to participate in such a government or...
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Mar 6, 2012
03/12
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point out to you inevitably if you're having risk assets being sold, you are going to get peripheral government debt being sold and if we can have a look at where we are on the spreads in italy and spain, inevitably they have risen. we continue to -- it is not italy that's the bad boy any longer over in europe. it is very much a course and with the spanish yields that continue to rise after of course a huge rally that brought them down. a lot of people are talking about what's going on in greece. we have a deadline for the private debt swap. let's go to michelle ka brar a my colleague will covering the event. michelle, is this psi going to fail? >> it is going to be a squeaker for sure and that's why you see nervousness in the market. we are 48 hours away from the deal expiring, 3 p.m. new york time on thursday is when bond holders have to decide whether or not they will participate, accept this offer, and analysts have looked through, made their best guesstimates about who owns how much of what. they think that at least 72% of bond holders will tender their bonds, but for this deal to happen,
point out to you inevitably if you're having risk assets being sold, you are going to get peripheral government debt being sold and if we can have a look at where we are on the spreads in italy and spain, inevitably they have risen. we continue to -- it is not italy that's the bad boy any longer over in europe. it is very much a course and with the spanish yields that continue to rise after of course a huge rally that brought them down. a lot of people are talking about what's going on in...
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245
May 15, 2012
05/12
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this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, tdd# 1-800-345-2550 i turn to schwab's high/low ticker. tdd# 1-800-345-2550 so i can spot a potential breakout tdd# 1-800-345-2550 before it breaks out. tdd# 1-800-345-2550 and get this...i can even trade, tdd# 1-800-345-2550 change my orders or check out my positions tdd#00-3 right on my chart. tdd# 1-800-345-2550 my system
this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550...
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Nov 15, 2012
11/12
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eye 158
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maybe you should have -- at the same time the government is a -- the government doesn't come in and say, you know what? we like some energy drinks and not others. we don't like energy drinks, who needs it? it's like war, what is it good for? absolutely nothing. >> let's get to kayla because the house financial services summary has come in with its full report on the mf global. >> the gop members of the house oversight committee and it pretty much pins all the blame on ceo jon corzine. he was the chief trader and he was the one who saddled the company with sovereign debt. but it doesn't limit the risks or the blame here with -- the house going on to recommend that, the sec failed to share critical info about the health of mf global and also the credit rating agencies did not identify the risks or didn't do a good enough job of identifying the risk. they identified that sovereign risk, but it was in footnotes and there was some confusion among investors. so it's being blamed on the regulators. mf global was not forth right about its liquidity position. this is ultimate what brought the br
maybe you should have -- at the same time the government is a -- the government doesn't come in and say, you know what? we like some energy drinks and not others. we don't like energy drinks, who needs it? it's like war, what is it good for? absolutely nothing. >> let's get to kayla because the house financial services summary has come in with its full report on the mf global. >> the gop members of the house oversight committee and it pretty much pins all the blame on ceo jon...
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Jul 31, 2012
07/12
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on euro bonds which lead to hire interest rates to government bonds in countries of so-far good reputation in financial markets. it would be a violation of the fundamental democratic principle of no taxation without representation. this is true to all forms. we can say that he was talking about bailouts and specifically about programs that forgive and buy securities of countries that are in trouble but the context of this article was much bigger than that. specifically talking about the political union. united states of europe really need that. when he says he agrees. it is a couple of years down the road but to have the programs and taxation without representation in his opinion is a horrible way to progress towards the ultimate status of political union. he goes on to say that they have treaties and commitments now that should be able to handle this. what it really boils down to is what we have talked about many times on the exchange that is taking responsibility whether an individual or a country. taxation without representation. every time i say it i think of boston circa 1750s. anothe
on euro bonds which lead to hire interest rates to government bonds in countries of so-far good reputation in financial markets. it would be a violation of the fundamental democratic principle of no taxation without representation. this is true to all forms. we can say that he was talking about bailouts and specifically about programs that forgive and buy securities of countries that are in trouble but the context of this article was much bigger than that. specifically talking about the...
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May 7, 2012
05/12
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we strongly believe in corporate governance. but this is such an unusual case as documented by the "new york times" story that this brings forth issues that says you can't engage with the directors or can't engage with the executives because they are the very individuals that were involved in the bribery and cover up. >> what are some of the scenarios that we should think about in terms of how this thing ends? i will say that would it ever come to a point where he would reduce your holdings of walmart? >> the outcome is not about the holdings. but the outcome is seeking better government for the company. a derivative action is saying we are working on behalf of the company to find out what went wrong and how can this company achieve adequate and reputable government. the primary goal is chapging corporate government and bringing it into processes and potentially if there are damages assessed by the sec, if these claims prove valid, then you would seek compensation from the directors to pay those damages. there could be financial
we strongly believe in corporate governance. but this is such an unusual case as documented by the "new york times" story that this brings forth issues that says you can't engage with the directors or can't engage with the executives because they are the very individuals that were involved in the bribery and cover up. >> what are some of the scenarios that we should think about in terms of how this thing ends? i will say that would it ever come to a point where he would reduce...
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467
Feb 3, 2012
02/12
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the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david faber i would have told you that and we were working on the story for a long time. >> we asked dr. krueger about that or i did because there are people who are trying to point to that as a sign of potential weakness. it's important people understand that. so that change took place december to january i guess. >> right. january they put the new census numbers into the population estimates and that's what they come up with. >> i am curious, your thoughts on the ten-year which is not even at 2%. we heard from bernanke yesterday. if we had
the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david...
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Feb 7, 2012
02/12
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nobody would say the more equitable governed gm was better governed than ford. >> just to add on to that. >> ten seconds. >> i think they have been very good at protecting the company so they can go for the long term like apple and amazon. that's very much to their credit. >> let's enon that congenial agreement. >> the topic is ben bernanke ben bernanke and what he's really like. tell us what you really think he wants to say. we'll share your thoughts in a few minutes. stay tuned. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ our machines help identify early stages of cancer, and it's something that we're extremely proud of. you see someone who is saved because of this techno
nobody would say the more equitable governed gm was better governed than ford. >> just to add on to that. >> ten seconds. >> i think they have been very good at protecting the company so they can go for the long term like apple and amazon. that's very much to their credit. >> let's enon that congenial agreement. >> the topic is ben bernanke ben bernanke and what he's really like. tell us what you really think he wants to say. we'll share your thoughts in a few...
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402
Apr 27, 2012
04/12
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we're spending less in terms of government spending, not in terms of government spending and personal consumption was actual le pretty good. that is why we're seeing copper prices at the top end of the range chlgt we're seeing a rally across the board in the metals market. and in thornilys of oil prices, it's pretty much in a cover from the loss overnight. and now we're looking at prices that are above that market. and when you look at the volatility index, that's what a lot of traders are looking at to see where oil prices are headed. that tells traders to stay in this 100105 range for some time. >> all right, thanks very much, sharon. >> i'm going to take a look at fund flows. we've got some numbers this morning from j.p. morgan. and it is an interesting part of the market dynamic to note that money continues to flow out of oblong with wequities and into funds. that is where the money. continues to go. it's important for us to mention that with the ten-year, let's call it 2%, 193, your risk in these bond funds is -- and i say ever because should there be a snap back in rates. >> i w
we're spending less in terms of government spending, not in terms of government spending and personal consumption was actual le pretty good. that is why we're seeing copper prices at the top end of the range chlgt we're seeing a rally across the board in the metals market. and in thornilys of oil prices, it's pretty much in a cover from the loss overnight. and now we're looking at prices that are above that market. and when you look at the volatility index, that's what a lot of traders are...
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Jun 6, 2012
06/12
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it's now up to governments and the banks. and in this country, votes in san diego, san jose and wisconsin say the people want some reforms. so maybe the tougher medicine is not bad medicine, but it is still refleblgted in some markt volatility. >> all right. thank you, mr. santelli. >> now time for a quick report on chess peek. jim mentioned it earlier and, in fact, can confirm a little bird story from yesterday about which he is bechesapeake being close selling a $4 billion stake in a pipeline. very comply kalted series of transactions that could culminate with what i am told perhaps a success of 4 billion tla for chesapeake. and, again, the sale would cut down on capital expenditures. and, in fact, that would both raise money and decrease expenditures. so embraced is a positive. now, if you read a 13-b from investor carl individual investor icahn, he was asking the company to move ahead. but that had been in effect long before mr. icahn came on the sooenl. southeastern management is getting an additional three in addition t
it's now up to governments and the banks. and in this country, votes in san diego, san jose and wisconsin say the people want some reforms. so maybe the tougher medicine is not bad medicine, but it is still refleblgted in some markt volatility. >> all right. thank you, mr. santelli. >> now time for a quick report on chess peek. jim mentioned it earlier and, in fact, can confirm a little bird story from yesterday about which he is bechesapeake being close selling a $4 billion stake...
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Mar 30, 2012
03/12
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there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is only worth $7 billion. motorola, which has not had a great run to itself, sold for $12 billion. look, you've got to get aboard, over the hump, and even if you put a 20% premium on where it is today, that's $8.4 billion. that's a very, very digestible church for microsoft, for amazon, say for dell, hp. blackberry has a good name. it's just lost its way in terms of product development. >> yeah. you mentioned microsoft. of course, the journal today talks about the partnership that it has in place. >> yep. >> and in the journal's words, could be waiting for r.i.m.m. stock to get cheaper before it decide
there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is...
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Nov 29, 2012
11/12
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rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may accelerate payments too because the administrative burden is mangle. one ceo who does not want to be identifieded says that -- this will allow the firms to escape mentioning the move in their annual proxies. should budget talks fail as which approach year end, advisers say some ceos may revir revisit paying out bonuses early. >> hesitant of the government's ability to avoid the fiscal cliff, many high income earns are taking steps to sell their houses, stocks and even businesses before the end of the year. you're going to name names? >> one of the advantages of being wealthy
rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may...
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Mar 1, 2012
03/12
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is this a government intervention? >> knolls. there is -- >> when a default happens -- >> when a default occurs. in the case of greece, which is the relevant sure, thus far there lab a so-called private sector involvement purportedly voluntary agreement with the private sector bondholders, and there's also been an exchange of bonds by ecb and other government agency with greece that essentially gives some protection to the ecb for its greek debt holdings. the news this morning i believe was that the isda had determined those two events did not constitute a credit event from for the purpose of a cds activation. >> and why did it not create the dynam dynamic? >> their view is that so far that the negotiations have been voluntary. now, the possibility exists, the greek government has retroactive created so-called collective action clauses, which it could use in the future to force other private sector investors to take losses, even if they haven't agreed to this voluntary deal. in that case, the isda would look at it glen, perhaps i
is this a government intervention? >> knolls. there is -- >> when a default happens -- >> when a default occurs. in the case of greece, which is the relevant sure, thus far there lab a so-called private sector involvement purportedly voluntary agreement with the private sector bondholders, and there's also been an exchange of bonds by ecb and other government agency with greece that essentially gives some protection to the ecb for its greek debt holdings. the news this morning...
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Sep 11, 2012
09/12
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government. the issue will be how they're doing .58 times tangible book in a tangible book realized when they sell assets. carl, i think this will be a major piece of business people are going to talk about for the next few days. because if that deal holds, that's going to signify a new level of confidence even with the german supreme court, even with qe-3 on the horizon. >> all right. >> major, major, major. >> you've been touting bristol myers for a long time, goldman puts it on the conviction buy list. >> they said they spent enough time in purgatory after the disastrous hep-c. i like it it's got good yield, undervalued, lily is the most expensive stock in the group. it's not all rosy for bristol-myers. >> yeah, i love the way you say that. >> well, it's the old trading desk, people would call it that. all right, i'll top that. >> five below. >> all right, five below, by the way, is not a chain of recreational equipment, this is a store that sells goods for five and below. i thought the quarte
government. the issue will be how they're doing .58 times tangible book in a tangible book realized when they sell assets. carl, i think this will be a major piece of business people are going to talk about for the next few days. because if that deal holds, that's going to signify a new level of confidence even with the german supreme court, even with qe-3 on the horizon. >> all right. >> major, major, major. >> you've been touting bristol myers for a long time, goldman puts...
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Nov 9, 2012
11/12
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it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been talking for a couple of years how he was going to preclude the top rate from being extended beyond 2012. the interest isn't revenue. it's something that was not realistic to happen. but that became realistic, i don't think ud would be thal. >> last question, john. you talked about the potentially heavy tone with the speaker. that is a card that is still in his pocket. >>y, its's in his pocket and its in the pocket of his mem bys world would be to go and have it. the leadership knows that. think the leadership knows that they would go into a discussi
it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been...
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Nov 2, 2012
11/12
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the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the labor force. they're going into other programs. we've had about 1.2 million jobs created under this president. we've had 1.3 million people go into social security disability. we've had 32 million more people join the food stamps program. we're up around 47 million people now. so the number -- you certainly have talking points if you're on the other side if you're supportive of president obama. there's things you can say out of this, but you can't deny it's up. you can't deny there's -- 9 million people entered the population, the noninstitutional popul
the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the...
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Mar 13, 2012
03/12
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we have metastatic government, large government, civil servants having higher standards of living from other people, shielded from all the problems of the rest of the population. this is not the way you will have the competitiveness in the future that we had in the past. okay? and you need to do something drastic about it. so long run you want jobs. you want safety. it's like someone doesn't gamble, okay, to feed his family. you don't gamble, all right, to your family because you know losses are going to hurt them more than what benefits you may have gambling. >> right. >> long-term we want jobs, we want stability. we want a vital economy. >> short-term you're willing to live with higher unemployment? >> there's a problem of four years. short-term, spend four years from the money? at some point you've got to do something. >> you mean by addressing the structural problem. >> they're not addressing structural problems. novocaine after novocaine. >> you've watched congress try, right? they've tried to have conversations about fiscal discipline. >> i mean, the whole thing is rotten. number
we have metastatic government, large government, civil servants having higher standards of living from other people, shielded from all the problems of the rest of the population. this is not the way you will have the competitiveness in the future that we had in the past. okay? and you need to do something drastic about it. so long run you want jobs. you want safety. it's like someone doesn't gamble, okay, to feed his family. you don't gamble, all right, to your family because you know losses...
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Apr 25, 2012
04/12
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we have governance in nominating and compensation. and audit committee and risk and i'll tell you with as good a board we have, they are very, very focused and ask a lot of questions and are quite knowledgeable. we have board members would have been on our board since we became public and new members who bring a fresh perspective, people in finance and industrialalists so it's a varied group but i'll say also their experience has been varied. think of what this company has evolved into since we became public not that long ago, a dozen years ago, a small company, became a much bigger company. went through -- think of the risk management that went into our experiences going into the financial crisis where we had had much better hedges and had managed our risks to a much greater extent. think of the aftermath of the risk of the downturn where we had, frankly, manage the outcome. >> just in terms of the board. you obviously -- being a chairman and being ceo and having that role as a combined role or a separate role, do you still think tha
we have governance in nominating and compensation. and audit committee and risk and i'll tell you with as good a board we have, they are very, very focused and ask a lot of questions and are quite knowledgeable. we have board members would have been on our board since we became public and new members who bring a fresh perspective, people in finance and industrialalists so it's a varied group but i'll say also their experience has been varied. think of what this company has evolved into since we...
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Nov 21, 2012
11/12
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the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be about 20%. there's about a 25 billion euro gap. you can change your assumptions about greece's growth rate. you can see to greece instead of 30 year, we'll give you 100. therest a lot of ways to get it done. >> if they don't get the money, the world doesn't fall apart, you know, and greece is still bad. not much changes. >> see you in a little bit. thanks, michelle. time for another capital markets op-ed. gary is at post nine with that. >> thanks, carl. viewers should hopefully know that i feel the pain for savers. the artificial move in interest ra
the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be...
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Oct 8, 2012
10/12
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they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the debate. he looks strong on the stage with president obama. he took the fight to obama. obama was a little bit more passive. but ultimately the economy, i believe, carl, is going to be what drives the result. >> if anyone who watched snl over the weekend knows the president wasn't that passive. thanks, john, we'll see you later, john harwood in washington. netflix is up 10%, 30%
they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground...
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Mar 5, 2012
03/12
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government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you see... it's the world. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> energy prices are balancing the concerns
government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you...
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Jul 20, 2012
07/12
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tumbling 6% after government aid was requested. we're beginning to see pain at a more granular level. the yield on the spanish ten-year has been up to 7%. and the euro falling to two-year lows against the dollar back below 122. i was just talking to pisani and it was an ugly close. >> it is an ugly close. it puts pressure on us because the dollar goes up and we get pressure on commodity stocks, on commodities in general and on the industrial stocks. that's a two-year low. you're looking at a two-year chart of the euro right now. let's look at some of the european financials. michelle is going to be along to give you ramifications of the mer random of understanding. you can see it's an ugly day in european financials. bear in mind, the penny stocks, italian banks, credit agricole, and it doesn't matter. right across the board, 5, 6, 7% declines. the financials have been sort of on the downside for the last three days and not nearly the destruction that we're seeing over in europe but 1 to 2% and all of the financial names after repo
tumbling 6% after government aid was requested. we're beginning to see pain at a more granular level. the yield on the spanish ten-year has been up to 7%. and the euro falling to two-year lows against the dollar back below 122. i was just talking to pisani and it was an ugly close. >> it is an ugly close. it puts pressure on us because the dollar goes up and we get pressure on commodity stocks, on commodities in general and on the industrial stocks. that's a two-year low. you're looking...
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Sep 28, 2012
09/12
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government per diems aren't helping. business travel needs to lift hotel occupancy through the election and actually in response to it. that will also be critical for next year's corporate rates for the likes of marriott and intercontinental about to thrash out for the hotels that they service. incidentally those two stocks are up 30% and 40% so analysts say be careful. the reits that hold the hotels will likely trade more properties. we'll follow on offerings for investors. and the hope trade is under way so accelerating yields or could be share holder pain. casual dining this year's drought is about to become next year's commodity head wind. in the burger wars value appetizing will increasingly be pitched against expensive remodeling possibly hurting everybody they say in the industry. that's a q 4 t and l check. i'm simon hobbs. >> amazon is planning an online market place for wine sales, the second attempt at selling wine to consumers after problems with a partner prompted it to end the first attempt three years ago.
government per diems aren't helping. business travel needs to lift hotel occupancy through the election and actually in response to it. that will also be critical for next year's corporate rates for the likes of marriott and intercontinental about to thrash out for the hotels that they service. incidentally those two stocks are up 30% and 40% so analysts say be careful. the reits that hold the hotels will likely trade more properties. we'll follow on offerings for investors. and the hope trade...
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Oct 26, 2012
10/12
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trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the number more or less subject to revision than past quarters? >> you know, it's hard to say. i don't think there's any particular trend there. the inventory numbers will be rejiggered, probably the investor numbers. everything can come in. trade is a big factor, inventory's a big factor. hard to know, carl. right now it just -- it doesn't change your mind, right? had the number been 2.5 or 3%, i would have said, hey, time to rethink the economy. 2%, 1.8%, six of one, half a dozen of another. >> we'll get a lot of numbers t. >> we'll get to the
trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the...
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Dec 19, 2012
12/12
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government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an orderly fashion. timothy masssad will join us later. this could be a buy signal with the government signaling it is in fact out. >> i think people are loo
government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the...
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Oct 31, 2012
10/12
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federal government can print money, all right. we've seen that. the areas that had to be rebuilt, housing people haven't done that well. construction people. there will be a lot of jobs. the construction business and a lot of suburbs has been nil because everything has been locked. new jersey hasn't done that well. there will be a lot of jobs created. i think that's going to make up for retail business that was lost. >> we have to head to a break. coming up next, cramer's mad dash. first one since friday as we approach this historic open. today is wednesday but the first day of the week effectively after the sandy related shutdown. we'll take another look at futures as we head toward this open. up 7.5 on s&p 500. stay tuned. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our stu
federal government can print money, all right. we've seen that. the areas that had to be rebuilt, housing people haven't done that well. construction people. there will be a lot of jobs. the construction business and a lot of suburbs has been nil because everything has been locked. new jersey hasn't done that well. there will be a lot of jobs created. i think that's going to make up for retail business that was lost. >> we have to head to a break. coming up next, cramer's mad dash. first...
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Apr 23, 2012
04/12
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it's more government, it seems like more government, the thing you're talking about short-term rates, long-term rates, doesn't matter, europe, you know, the united states, they're always -- there's always more influence. and i think that's what you're seeing, and that the cottage industry is to predict the next government move instead of predicting the next economic move. >> exactly. and i think that's really a scary thing. and i'll leave you with one final thought and comment on it, shouldn't ben bernanke be looking at the sustainability of the programs, not the fact that they bump these up temporarily? >> i think that's an important look. show short-term rates were the silver bullet. the big question is, why isn't 1y japan prosperous? they've had low lates for a very long period of time and haven't produced any prosperity over there. >> so their pump's been primed a lot but isn't running on its own. >> thank you, rick santelli in chicago. get more insight on the european markets this morning on the heels of the first round of the presidential election in france. good morning to you.
it's more government, it seems like more government, the thing you're talking about short-term rates, long-term rates, doesn't matter, europe, you know, the united states, they're always -- there's always more influence. and i think that's what you're seeing, and that the cottage industry is to predict the next government move instead of predicting the next economic move. >> exactly. and i think that's really a scary thing. and i'll leave you with one final thought and comment on it,...
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Apr 2, 2012
04/12
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of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there times $5. that's $110 and we didn't win five cents. >> here at the lenda alegendary boy, they were crying. locals told us how they would have spent their winnings. >> that money goes to everyone that i know. help are other people. >> sell the house, buy an rv and travel. >> i might buy a bigger house. >> buy gas for my car. maybe for the whole neighborhood. >> i would put it in the bank and go away for a month. the mail man wants to come over. i'll start my own mail route. >> i like my own mail route. that's tony who suggested that winners get out of town and take the
of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there...
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Feb 22, 2012
02/12
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obviously you have the class real there. >>> remember governments in europe have lent the greek government $110 billion. that was back in march of 2010. some people are raising the question, well, that's an official sector debt to a certain extent. will there be pressure to take a haircut on that kind of debt? that's not even on the table right now. the problem is nobody believes it's enough. the only thing that people believe it's enough when mario draghi says i will be the lender of last resort to everyone. without those two elements, is it enough? the answer is no. >>> the question is austerity the answer in terms of achieving the growth you need in gdp to put these ratios on a sustainable level? >> and of course we're watching the straw vote play out in greece. the problem is there's no invested interest in shall rimpging the state in greece. there's no invested interest in shall rimpging anybody's income. no interest group will support that. one final quote before we go on. toll brothers, he's the good news. i'm the son of a homebuilder. my whole family competed against toll brothers,
obviously you have the class real there. >>> remember governments in europe have lent the greek government $110 billion. that was back in march of 2010. some people are raising the question, well, that's an official sector debt to a certain extent. will there be pressure to take a haircut on that kind of debt? that's not even on the table right now. the problem is nobody believes it's enough. the only thing that people believe it's enough when mario draghi says i will be the lender of...
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Apr 17, 2012
04/12
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government. we'll get your responses later today. >> more than curly fries. >> i'm not getting much of anything. i filed an extension. >> i did, too. coming up, getting ahead of the curve on intel's earnings after the bell. the stock is at a 52-week high. will the rally keep going? and we have an up day with the dow looking to gain 71 points at the open. stay tuned. ca refu l, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting with more flavor. [ crunch! ] introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. ♪ >>> nine minutes before the bell rings on wall street. let's bring in art. we are looking at a higher open. granted we have positive news out of the financial sector. we did have housing starts that came in worse than expected. revised lower for february a
government. we'll get your responses later today. >> more than curly fries. >> i'm not getting much of anything. i filed an extension. >> i did, too. coming up, getting ahead of the curve on intel's earnings after the bell. the stock is at a 52-week high. will the rally keep going? and we have an up day with the dow looking to gain 71 points at the open. stay tuned. ca refu l, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting...
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Dec 4, 2012
12/12
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CNBC
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the government doesn't help. you can own pieces of silver and pieces of gold. >> do you have some on you right now? >> no, i don't. i have it buried in the backyard. i have it in a vault. never bury your gold in the backyard. >> i'll remember that. thank you for that advice. >> first we have to get backyard. >> el paso electric company celebrating tenth anniversary. yit celebrating its 100th anniversary. want to go straight to mary thompson with breaking news out of fdic. >> this is the fdic's third quarter breaking profile looking at how banks performed in the third quarter. profits for insured institutions rising to best levels in six years in the third quarter. higher profits driven by higher revenue and lower loan loss provisions. the company's third quarter operating revenue increased by 3% in the last quarter and that's a positive sign. it was the first time for the world's largest revenue that banks posted in three years. loan balances increased. it was slightly less than in the second quarter. we should a
the government doesn't help. you can own pieces of silver and pieces of gold. >> do you have some on you right now? >> no, i don't. i have it buried in the backyard. i have it in a vault. never bury your gold in the backyard. >> i'll remember that. thank you for that advice. >> first we have to get backyard. >> el paso electric company celebrating tenth anniversary. yit celebrating its 100th anniversary. want to go straight to mary thompson with breaking news out...
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Sep 27, 2012
09/12
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to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positive thing going on. and that is exports, and that is c
to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you...
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Sep 24, 2012
09/12
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but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this election that very issue regarding tax policy? it seems so self-evident to people we rub shoulders with on this trading floor but not to the population at large. >> they think it's gets muddied. if you talk about the capital gains tax. there was a guest on earlier today that says, what's it mean to somebody making $50,000? lowering the capital gains tax to somebody like that is the most important thing you can do because corporations are going to create jobs. people invest in start-ups that can create jobs and their pension funds will get dividends instead of cash
but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this...